Air Purifiers & Cleaners Procurement Category Market Research Report from IBISWorld has Been Updated

Price growth has been slow and steady due to a combination of strong demand coming out of the recession and falling steel prices; strong domestic demand, along with a return to growth in steel prices, will spur stronger price growth over the next three years. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has updated a report on the procurement of Air Purifiers & Cleaners in its growing collection of procurement category market research reports.

Price growth has been slow and steady due strong demand coming out of the recession and falling steel prices

Los Angeles, CA (PRWEB) June 03, 2014

On a scale of one to five, air purifiers and cleaners have a buyer power score of 2.6. According to IBISWorld analyst Sean Windle, this score indicates a mostly shared power balance between buyers and suppliers, albeit with a slight advantage to buyers.
Over the past three years, the biggest advantage for buyers has been weak price growth. Despite the postrecession surge in demand, especially from nonresidential construction markets, declining steel prices have kept growth in the price of air purifiers and cleaners in check, continues Windle. Steel is a primary input material used to manufacture these products and, as such, has a significant impact on price. Buyers also benefit from the low level of market share concentration, which fosters price competition among US suppliers competing for business. Strong import competition also supports price competition, because US suppliers must keep prices low to compete with low-cost goods from suppliers in Mexico and China. Major suppliers include Emerson Electric Co., Helen of Troy Limited and Honeywell International Inc.

The biggest threat to buyer power is high price driver volatility. Price drivers, such as nonresidential construction activity and steel prices, have exhibited significant volatility over the past three years. Fortunately for buyers, year-to-year changes in product prices have been stable, thanks in part to import competition and the fragmented nature of the market, which foster price competition. Additionally, buyers will likely face much stronger price growth over the next three years: rebounding economic growth, a focus on environmental sustainability and increasingly dense populations in international markets are expected to drive demand for air purifiers and cleaners heading into 2017. Also, higher steel prices over the next three years will push product prices higher. For more information, visit IBISWorld’s Air Purifiers & Cleaners procurement category market research report page.

This report is intended to assist buyers of air purifiers and cleaners. These products include devices used for removing contaminants from the air. Such air pollutants could include airborne particles, gases, volatile organic compounds or microorganisms. Impurities can be removed by means of filtering, scrubbing or electrostatic precipitation. These devices can be used in commercial and industrial settings as stand-alone units, or as part of a larger purification system. Air purifiers and cleaners can be bought through manufacturers, wholesalers and retailers. This report does not cover air-conditioning equipment, warm air heating equipment, fans, blowers or automotive components.

About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.